Renters insurance can cover the loss of your belongings in case your rented home is damaged, and can start at just $5 with insurers like Lemonade. It also covers expenses such as hotel bills if your rental home becomes unlivable due to a covered incident. Finally, renters insurance will cover any liability for which you’re held responsible as the result of an accident or other mishap.
Read on to learn everything you need to know about renters insurance — from what a standard policy typically covers to common exclusions, additional coverage options, and why you should consider getting this coverage, even if your landlord doesn’t require it.
